Shareholders of Capital Senior Living have approved a deal with Conversant Capital, including financing transactions to raise up to $154.8 million, according to preliminary results of the vote, Senior Housing News reports.
After first announcing a deal with Conversant in July 2021, Dallas-based Capital Senior Living became embroiled in a battle with shareholder Ortelius Advisors.
Ortelius objected to the Conversant deal, saying that the proposed transactions undervalued Capital and ceded too much control of the company. Read more.
